Company Registration No. SC575351 (Scotland)
K&S Exports Ltd
Unaudited accounts
for the period from 4 September 2017 to 30 September 2018
K&S Exports Ltd
Unaudited accounts
Contents
K&S Exports Ltd
Company Information
for the period from 4 September 2017 to 30 September 2018
Director
Dmitrijs Minajevs
Company Number
SC575351 (Scotland)
Registered Office
98 RAVENSCRAIG
KIRKCALDY
KY1 2PX
SCOTLAND
Accountants
Krzysztof Opila AFA, ATA
48 Blairadam Crescent
Kelty
Fife
KY4 0LX
K&S Exports Ltd
Statement of financial position
as at
30 September 2018
Cash at bank and in hand
511
Creditors: amounts falling due within one year
(30,397)
Net current liabilities
(13,386)
Called up share capital
10
Profit and loss account
(13,396)
Shareholders' funds
(13,386)
For the period ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 May 2019.
Dmitrijs Minajevs
Director
Company Registration No. SC575351
K&S Exports Ltd
Notes to the Accounts
for the period from 4 September 2017 to 30 September 2018
K&S Exports Ltd is a private company, limited by shares, registered in Scotland, registration number SC575351. The registered office is 98 RAVENSCRAIG, KIRKCALDY, KY1 2PX, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
5
Creditors: amounts falling due within one year
2018
Taxes and social security
61
Loans from directors
29,831
K&S Exports Ltd
Notes to the Accounts
for the period from 4 September 2017 to 30 September 2018
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
Shares issued during the period:
10 Ordinary shares of £1 each
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Account
-
10
29,841
(29,831)
8
Average number of employees
During the period the average number of employees was 3.